New Construction in Huntsville Metro
Athens, AL 35613
3 Beds - 2 Baths - 2 Car Garage
| Square Feet | 1,703 | | Initial Market Value | $293,985 | | Purchase Price | $293,985 | | Downpayment | $73,496 | | Loan Origination Fees | $2,205 | | Depreciable Closing Costs | $2,940 | | Other Closing Costs and Fixup | $0 | | Initial Cash Invested | $78,641 | | Cost per Square Foot | $173 | | Monthly Rent per Square Foot | $1.23 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $2,095 | $25,140 | | Vacancy Losses | ($168) | ($2,011) | | Operating Income | $1,927 | $23,129 |
| Expenses | Monthly | Annual |
|---|
| Property Taxes | ($196) | ($2,352) | | Insurance | ($110) | ($1,323) | | Management Fees | ($108) | ($1,296) | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | ($21) | ($250) | | Maintenance | ($42) | ($503) | | Other | $0 | $0 | | Operating Expenses | ($477) | ($5,724) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,450 | $17,405 | | - Mortgage Payments | ($1,304) | ($15,651) | | = Cash Flow | $146 | $1,754 | | + Principal Reduction | $231 | $2,771 | | + First-Year Appreciation | $1,470 | $17,639 | | = Gross Equity Income | $1,847 | $22,164 | | + Tax Savings | $118 | $1,418 | | = GEI w/Tax Savings | $1,965 | $23,582 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | 0% | | Loan Amount | $220,489 | $0 | | Monthly Payment | $1,304.27 | $0.00 | | Loan Type | Amortizing Fixed | | | Term | 30 Years | | | Interest Rate | 5.875% | 0.000% | | Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 1.11 | | Annual Gross Rent Multiplier | 12 | | Monthly Gross Rent Multiplier | 140 | | Capitalization Rate | 5.9% | | Cash on Cash Return | 2% | | Total Return on Investment | 28% | | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 6% | | Vacancy Rate | 8% | | Management Fee | $108 | | Maintenance Percentage | 2% |
| Comments |
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| Photos may be representative. Furniture not included. |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.
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